Markets Right Now: Technology stocks lead US market lower | AP business

Stock trading turned jittery again after two weeks of gains, pulling the Dow Jones Industrial Average down 600 points. The tech tumble followed an analyst report that suggested Apple significantly cut back orders from one of its suppliers.

Canada's main stock index also fell on Monday, weighed by losses in shares of precious metal miners as gold prices hit its lowest in a month.

The S&P 500 index fell 46 points, or 1.7 percent to 2,734. The technology-focused Nasdaq index lost 2.8 per cent to 7,200.87 as the Dow fell by 602.12 points, or 2.3 per cent, to 25,387.18 and the S&P 500 shed 2 per cent to 2,726.22.

Market sentiment was dented by Apple's decline as well as markets down in Europe, Larry Benedict, CEO & founder of The Opportunistic Trader, a USA market research firm, told Xinhua.

LIFELINE EXTENDED: Athenahealth jumped 9.7 percent to $132.01 after the struggling medical billing software maker received a $5.7 billion cash buyout offer. Several big retailers are due to deliver results this week, including Walmart, Home Depot, Williams-Sonoma, Nordstrom and J.C. Penney.

THE QUOTE: "Tech is definitely weighing (on the market)", said Lindsey Bell, investment strategist at CFRA. The price of oil fell after U.S. President Donald Trump said Saudi Arabia should not cut production, as it had said it would. US crude rose 60 cents to $60.79 a barrel, the first increase after the longest stretch of daily declines since 1984.

CURRENCIES: The dollar gained 114.01 yen from Monday's 113.84 yen. The British pound weakened to $1.2847 from $1.2975 amid concerns that Britain's government is struggling to find unity on a Brexit deal.

Apple fell 3.7 per cent in early trading Monday and Google's parent company Alphabet gave up 1.5 per cent. Silver lost 0.9 percent to $14.01 an ounce.

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The automated system is created to help pilots avoid raising the plane's nose too high, which can cause the aircraft to stall. Shares of Boeing Co. ended Tuesday down $7.52, or 2.1 percent, at $349.51 after falling to $342.04 earlier in the day.

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He criticized the media for not reporting his speech at an American cemetery on Sunday in the pouring rain. Macron also criticized Trump's vow to abandon the decades-long nuclear deal with Russian Federation .

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